The bank was set up by the Government of Singapore in June 1968 to take over the industrial financing activities from the Economic Development Board. DBS Bank is the largest bank in South East Asia by assets and has market-dominant positions in consumer banking, treasury and markets, asset management, securities brokerage, equity and debt fund-raising in Singapore and Hong Kong. With operations in 17 markets, the bank has a regional network spanning more than 250 branches across 50 cities.